SpaceX Completes $60 Billion All-Stock Deal for Cursor Maker Anysphere
The deal was announced in mid-June and closed in two months, an unusually short window for a transaction of its size. On Aug. 14, SpaceX said it completed its all-stock…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
SpaceX Weathers First Lockup Test as Starlink Reaches Vietnam
On Aug. 6, more than 911 million SpaceX shares came out of their first lockup, roughly doubling the number of shares available to trade in a single session. By every…
Apple in Talks to License News Content for AI-Powered Siri
Late on Aug. 12, The Wall Street Journal reported that Apple is negotiating paid licenses for news content, with the goal of improving how its AI-enhanced Siri answers questions about…
AI Coding Startup Cognition in Talks at $40 Billion Valuation
Cognition, the startup behind the AI coding agent Devin, is in talks with investors about a new funding round at a valuation of about $40 billion, according to people familiar…
Anthropic’s Amodei Courts Wary Investors Ahead of a Possible IPO
Dario Amodei has spent years describing artificial intelligence in the language of civilization, science and God. In private meetings with prospective investors this summer, the Anthropic chief executive has been…
Sequoia’s New Stewards Raise $10 Billion and Call the Market a White Swan
Alfred Lin and Pat Grady have run Sequoia Capital for less than a year. They have already raised more money than any leadership team in the firm’s 54-year history. Sequoia…
Apple’s Payments Chief to Retire as iPhone Lineup Expands to Six Models
The executive who spent a decade persuading people to leave their wallets at home is stepping back. Apple said its senior vice president Eddy Cue sent a memo Monday confirming…
Google’s Gemini Passes a Billion Monthly Users, Fastest in Company History
Google’s Gemini chatbot now counts more than a billion monthly users, a mark that took the company’s other major products years to reach. Chief executive Sundar Pichai announced the figure…
Nvidia Builds a Trillion-Parameter Open Model as the Open-Source Race Goes Vertical
Nvidia is developing an open-source artificial-intelligence model with at least a trillion parameters, according to The Information, a scale that would put the chipmaker in direct competition with the largest…
